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29728105
29728106

735 Tollgate Rd, Elgin, IL 60123 For Sale

NK
360 Real Estate Services, LLC
Listed by 360 Real Estate Services, LLC
Unpriced
155 days on market
Updated 11 days ago

735 Tollgate Road

Details
APN 03-33-476-009
Property Type Industrial
Sub Type Flex, Manufacturing (+1)
Square Footage 28,197
Units 1
NOI $319,472
Occupancy 100%
Tenancy Single
Brand/Tenant Staples
Lease Type NNN
Lease Term 10
Lease Expiration 05/31/2036
Remaining Term 9.9
Rent Bumps Yes
Broker Co-Op Yes
Year Built 1989
Year Renovated 2026
Buildings 1
Stories 1
Acreage 2.160
Zoning GI
Parking Spaces 4 per 1,000 sq ft
Investment Type Net Lease
Lease Commencement 06/01/2026
Occupancy Date 06/01/2026
Ground Lease No
Ceiling Height 13' 6"
Loading Docks 1
Sale Condition N/A

Staples credit NNN lease with new 10 year term and substantial tenant investment in upgrades.

Marketing description

360 Real Estate Services, LLC is pleased to bring to the market 735 Tollgate Road. Staples recently expanded their footprint into the entirety of the building, and is making substantial investment into the infrastructure of the building to convert it over from general flex to suit their print shop requirements including electrical infrastructure, all new LED lighting and reconfiguring the interior layout. In addition, an exterior dock is being added to the facility by ownership as part of a Ten (10) Year extension effective upon Staples occupancy of the expansion premises scheduled for late 2nd Quarter/Early 3rd Quarter of 2026.

10 Years of NNN lease term with 3% annual bumps bring long term rent growth and stability to the project. The facility is located on Tollgate Road, less than a quarter mile off the I-90/Route 31 exchange with East/West access to the expressway. Minimal owner input is required on this strong cash flowing asset.

Investment highlights

  • Single Tenant NNN 10 Year Lease

  • 3% Annual Growth

  • Staples Credit

  • Immediate Expressway Access

  • Significant Investment by Staples in Facility Upgrades

Listing Contacts

NK
360 Real Estate Services, LLC
Listed by 360 Real Estate Services, LLC

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Loan Amount
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$319,472.00
$26,622.67/mo

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